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Momentum Monday - The Markets Are Heavy...Be Extra Disciplined
Howard Lindzon
March 16, 2026
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Good morning,
Ivanhoff and I are doing all the same work, but sometimes, the markets give you little. I use the term heavy right now because only a few sectors look light. The memory markets for AI and the GPU’s that are needed to power AI seem unstoppable. The easiest way to follow that demand and market is the whole of South Korea which is the ETF $EWY ( ▲ 5.66% ) . You can also follow $SNDK ( ▲ 7.94% ) and $MU ( ▲ 5.3% ) .
The degenerates have run into a massive amount of supply as every casinao launches a prediction markets. You can see it play out in the price actioon opf the degenerate economy figurehead Robinhood. They continue to post great ‘news’ and numbers and new features and products but the stock is down 50 percent and itself looks ‘heavy’.
Energy is the other part of the market which continues to be strong and that is tied to the Iran war. I congtinue to own the ETF $XLE ( ▲ 0.28% ) as I don’t follow the companies close enough.
The notes to the show, as well as Ivanhoff’s notes are below and please do watch and subscribe.
Welcome back to Momentum Monday!
In today’s episode of Momentum Monday, Ivanhoff and I discuss the following:
Market Resilience and Oil Prices
Semiconductors and Memory Chips
Fed Outlook and Interest Rates
Growth vs. Sentiment: CAVA and Robinhood
Big Tech: Apple and Amazon
Financials and SpaceX IPO News
In This Episode, We Cover:
Here are Ivanhoff’s thoughts:
The indexes continue to chop in a range. If we zoom out a bit and look at weekly charts, we can clearly see that bears are in control – the indexes are making lower highs, every rip to their declining 10 and 20-week moving averages is getting sold. Long swing ideas are much less likely to work in this environment. They only work for a day or two, and then there’s a violent reaction in the opposite direction. Short ideas work better if you wait for low-volume bounces near potential resistance, like a 20, 50, or 200-day moving averages. Shorting is not easy, even during corrective markets, because they are extremely volatile and change direction often. It is a hard penny environment for now.
All eyes are on crude oil. Despite heavy government intervention, crude oil futures are holding a bid near $100. The price of physical barrels in Dubai is $140. Those two prices are typically very close to each other. If crude oil continues its ascent, the stock market indexes will accelerate lower. South Korea is already down 20%, Japan, Europe, and the US small caps are down about 10%. The Nasdaq 100 is barely down 7% from its all-time highs. We haven’t really seen any real panic selling yet, and I don’t know if we will. The longer the Strait of Hormuz stays closed, the bigger the pressure will be on nations to find a peaceful resolution.
And here are the charts discussed:
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